how can you tell the difference between corporations?; for example:inc, corp,what Else?

Question

i'm trying to start a corporation but i don't know if i should do a partnership , a S corp. or a regular corp, i would like to know the difference between them and how can you tell the difference on the abbreviations at the name of each name. it will be form by two people which way is more convinient for tax purposes

Answer 1

It can be difficult to tell what entity is which kind with the addition of LLCs, which can be either sole proprietorships, corporations, or partnerships depending on the number of members and their relation. Most corporations include the abbreviation of either "Inc." or "Corp." after their name, or even spell out the word "Incorporated" or "Corporation".

The easiest form of business for two people to start is a Partnership, followed by an LLC. A corporation generally provides the best protection for the owner's (shareholders) personal liability. Please go and speak with a public accountant. Tell him/her your situation and plans and he/she will advise you of the various choices you have so you can make the best decision for your business. No one can tell you that online without more info. Good luck.

Answer 2

Inc. is incorporated. Corp. is corporation. Co. is company.